Globaphobia

Recently a growing chorus of complaint has been raised against globalization. It is widely blamed for destroying U.S. jobs and reducing American wages. The authors of this book speak directly to these concerns. They demonstrate with straightforward prose and simple illustrations why the globaphobes are wrong. Globalization has not reduced the availability of jobs. Nor has it reduced the average wage. It has played only a small part in the deteriorating situation of America's least skilled workers. A challenge for Americans is to understand globalization and the benefits it brings. Equally important is the challenge of improving public policies aimed at reducing the very real pain of those Americans hurt by closer world economic integration. Globaphobia outlines a humane and practical program for advancing this goal.